The social network Facebook is in contact with companies such as MasterCard and Visa to refine details of the issuance of its own cryptocurrency backed by fiduciary money.
This was indicated this week by The Wall Street Journal in a report where he stressed that the information came from “people familiar with the matter.”
Facebook has been working for more than a year to launch a payment platform based on stablecoin.
The effort, internally called “Project Libra“, is aimed at developing a cryptocurrency that allows the billions of users of the company to send money to each other, as well as making purchases online.
In addition to MasterCard and Visa, the social network has also held talks with the financial services company First Data Corp, with which it seeks to recover billions of dollars to ensure the stability of the cryptocurrency.
On the other hand, the team of Marck Zuckerberg has also spoken with companies related to electronic commerce, which will also be part of the group in charge of raising funds and to obtain the necessary support for the acceptance of the digital currency.
Rumors suggest that Facebook aims to eliminate fees for card processing, generally around 2-3%, paid by merchants in each transaction to banks and processors and payment networks.
K. Tovar
Source: Diario Bitcoin
